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Market Update: The tragedy of the past few days is beyond sobering. Russia’s attack on the Ukraine is an undeniable human tragedy. The impact on the world economy is certainly secondary to the humanitarian crisis the Ukrainians face, as well as much of Europe. Of course, the invasion triggered the S&P 500 into a deeper decline last Thursday morning and then quickly rebounded into one of the three most volatile days in market history. The ongoing concerns facing world markets will be the extent sanctions impact the global economy and, more so, the risks of war escalating more broadly in that region of the world. Adjusting portfolios based on current world events has proven difficult over the decades. There is so much more to this conversation, and we would be happy to go through it all with you. Reach out to your advisor today with any concerns.

Stocks: Considering the above, we found this chart interesting—a historical perspective on how stocks have faired amidst global events. There are a lot of numbers but note how the majority end on a positive note a year after the major event.

Loan Forgiveness: Have a friend or family member who works at a government organization, non-profit, or religious organization? If so, encourage them to review eligibility for Public Service Loan Forgiveness (PSLF). Find out more information here.

Consumer Spending Amidst Inflation: Despite the rise of inflation, consumer spending grew by 2.1% in January. After adjusting for inflation, the increase in spending comes closer to 1.5% even though personal income largely remained the same. January also marked the expiration of the federal government’s monthly child tax credit. Economists anticipate consumer spending will rise this year despite headwinds—remaining Covid-19 concerns, inflation, world events.

Younger than You Think: Perhaps surprisingly, researchers are saying that mental speed—the speed at which we can deal with issues requiring rapid decision making—does not change substantially over decades. The findings of the new study suggest that the speed of cognitive information processing remains largely stable between the ages of 20-60. The potential for deterioration occurs at higher ages. Maybe encouraging if you’re nearing the back nine of life … and a little concerning if you have a not so responsible 20-year-old. Either way, you’re “younger” than you thought!